ARMOUR Residential REIT, Inc. (NYSE:ARR) Position Increased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 76.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,140 shares of the real estate investment trust’s stock after purchasing an additional 59,791 shares during the period. Susquehanna Fundamental Investments LLC owned 0.28% of ARMOUR Residential REIT worth $2,677,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in ARMOUR Residential REIT during the first quarter worth about $525,000. Van ECK Associates Corp lifted its holdings in shares of ARMOUR Residential REIT by 15.8% in the 2nd quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock worth $6,768,000 after purchasing an additional 47,735 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in ARMOUR Residential REIT by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 561 shares during the last quarter. Virtu Financial LLC acquired a new stake in ARMOUR Residential REIT in the fourth quarter worth $431,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in ARMOUR Residential REIT by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 1,707 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Trading Down 0.5 %

ARR stock opened at $20.40 on Tuesday. The firm’s 50-day moving average is $20.36 and its two-hundred day moving average is $19.67. The company has a market capitalization of $994.54 million, a price-to-earnings ratio of -28.33 and a beta of 1.50. ARMOUR Residential REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $0.99 by $0.09. The firm had revenue of $129.93 million for the quarter, compared to analysts’ expectations of $28.47 million. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. On average, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.81 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, October 15th. This represents a $2.88 annualized dividend and a yield of 14.12%. ARMOUR Residential REIT’s dividend payout ratio is currently -400.00%.

Wall Street Analysts Forecast Growth

ARR has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. Janney Montgomery Scott began coverage on ARMOUR Residential REIT in a report on Thursday, June 6th. They set a “neutral” rating and a $20.00 price target on the stock. B. Riley increased their price objective on ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.83.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.